AHF 3.33% 2.9¢ australian dairy nutritionals limited

"Good management to see they (Aussie Farmers Direct) were in...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 217 Posts.
    lightbulb Created with Sketch. 6
    "Good management to see they (Aussie Farmers Direct) were in financial trouble...."

    My thoughts are that "blind freddy" could / would have seen that, would have been obvious to anyone intimately involved in the industry.
    On that basis, to say that exposure of $90k is "minimal" is not that inspirining to me.
    How much of the $90k will be recovered --- probably not much.
    To AHF which does not appear (at this stage) to be making much from its processing ops, $90k is significant.
    I am sure (good) management could have put some better financial arrangements in place that might have reduced the exposure to losses even more.
    So good management --- twaddle ---- My expectactions are higher.

    As a farmer, at times I dont like the risk of handing over produce for sale to be paid later ....
    Some years ago quite a few farmers in our area lost large amounts of $'s (some hundreds of $k) when they shipped off their faba bean crops, the buyer/trader went 'belly up' and the administrators/liquidators claimed 'the beans are ours' --- you're just an unsecured creditor! Fortunately, dodged that one, but the scenario was 'a learning'.
 
watchlist Created with Sketch. Add AHF (ASX) to my watchlist
(20min delay)
Last
2.9¢
Change
-0.001(3.33%)
Mkt cap ! $12.63M
Open High Low Value Volume
3.0¢ 3.0¢ 2.7¢ $68.26K 2.312M

Buyers (Bids)

No. Vol. Price($)
6 431731 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 3723050 3
View Market Depth
Last trade - 15.58pm 27/11/2024 (20 minute delay) ?
AHF (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.